Targa Resources Corp. (TRGP)
| Market Cap | 63.08B +80.0% |
| Revenue (ttm) | 16.74B -2.0% |
| Net Income | 2.26B +38.4% |
| EPS | 10.46 +50.1% |
| Shares Out | 214.43M |
| PE Ratio | 27.96 |
| Forward PE | 25.83 |
| Dividend | $5.00 (1.71%) |
| Ex-Dividend Date | Jul 31, 2026 |
| Volume | 983,266 |
| Open | 294.51 |
| Previous Close | 299.10 |
| Day's Range | 291.08 - 294.51 |
| 52-Week Range | 144.14 - 307.94 |
| Beta | 0.72 |
| Analysts | Buy |
| Price Target | 305.24 (+3.76%) |
| Earnings Date | Aug 6, 2026 |
About TRGP
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, s... [Read more]
Financial Performance
In 2025, Targa Resources's revenue was $17.03 billion, an increase of 3.95% compared to the previous year's $16.38 billion. Earnings were $1.84 billion, an increase of 45.05%.
Financial StatementsAnalyst Summary
According to 23 analysts, the average rating for TRGP stock is "Buy." The 12-month stock price target is $305.24, which is an increase of 3.76% from the latest price.
News
Targa Resources Secures 20-Year Deal With ExxonMobil
Targa Resources Corp (TRGP) announced a major infrastructure expansion after securing long-term, fee-based agreements with ExxonMobil (XOM) across the Permian Delaware and Midland basins. The deal sig...
Targa Resources price target raised to $343 from $333 at Morgan Stanley
Morgan Stanley analyst Robert Kad raised the firm’s price target on Targa Resources (TRGP) to $343 from $333 and keeps an Overweight rating on the shares.
Targa Resources Slides: Investor presentation
Targa Resources has posted slides in relation to its latest quarterly earnings report, which was published on August 18, 2026.
Targa Resources price target raised to $345 from $324 at Jefferies
Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Targa Resources (TRGP) to $345 from $324 and keeps a Buy rating on the shares. The company’s expanded agreement with…
Targa Resources announces 20-year integrated midstream pacts with Exxon Mobil
Targa Resources (TRGP) announced the execution of new long-term, integrated midstream agreements with subsidiaries of ExxonMobil (XOM). Targa has entered into long-term fee-based agreements with Exxon...
Targa Resources raises FY26 growth capital expenditures view to $5B from $4.5B
The company said, “We are updating our estimate for FY26 growth capital to approximately $5.0B which incorporates expected investment in the new Delaware processing plants announced today, incremental...
Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware
Highlights Establishes new 20-year fee-based, integrated midstream agreements to support ExxonMobil's development of its premier Permian Basin acreage Establishes an extensive new area of mutual inter...
Expert says ‘stalemate' in Hormuz gives an opportunity to energy plays
Tortoise Capital senior portfolio manager Brian Kessens discusses whether energy stocks are overvalued on ‘The Claman Countdown.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #...
Targa Resources price target raised to $312 from $310 at RBC Capital
RBC Capital raised the firm’s price target on Targa Resources (TRGP) to $312 from $310 and keeps an Outperform rating on the shares. The firm is updating its estimates following…
Targa Resources price target raised to $335 from $330 at Raymond James
Raymond James raised the firm’s price target on Targa Resources (TRGP) to $335 from $330 and keeps a Strong Buy rating on the shares.
Targa Resources price target raised to $275 from $270 at TD Cowen
TD Cowen analyst Jason Gabelman raised the firm’s price target on Targa Resources (TRGP) to $275 from $270 and keeps a Hold rating on the shares. The firm updated its…
Targa Resources price target raised to $282 from $270 at Wells Fargo
Wells Fargo raised the firm’s price target on Targa Resources (TRGP) to $282 from $270 and keeps an Overweight rating on the shares. The firm notes Targa delivered another strong…
Targa Resources price target lowered to $324 from $327 at Jefferies
Jefferies lowered the firm’s price target on Targa Resources (TRGP) to $324 from $327 and keeps a Buy rating on the shares. The firm is lifting estimates by 2%-4% after…
Targa Resources price target raised to $284 from $282 at Barclays
Barclays raised the firm’s price target on Targa Resources (TRGP) to $284 from $282 and keeps an Overweight rating on the shares.
Targa Resources Earnings Call Transcript: Q2 2026
Record Q2 2026 results featured 38% year-over-year adjusted EBITDA growth and record Permian volumes, with strong downstream and export performance. Guidance was raised to the top end, major projects are on track, and capital returns increased, positioning for robust growth into 2027.
Targa Resources Slides: Q2 2026
Targa Resources has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 6, 2026.
Targa Resources Earnings release: Q2 2026
Targa Resources released its Q2 2026 earnings on August 6, 2026, summarizing the period's financial results.
Targa Resources Quarterly report: Q2 2026
Targa Resources has published its Q2 2026 quarterly earnings report on August 6, 2026.
Targa beats second-quarter profit estimates on record Permian volumes
U.S. pipeline operator Targa Resources beat Wall Street estimates for second-quarter core profit on Thursday, as record Permian natural gas volumes and higher demand for its transportation and expor...
Targa Resources raises 2026 adj EBITDA view to top end of $5.7B-$5.9B guidance
2025 adjusted EBITDA was $4.96B. Still sees estimate net growth CapEx $4.5B, and estimate for 2026 net maintenance CapEx unchanged at $250M.
Targa Resources reports Q2 revenue $4.44B, consensus $4.9B
Reports Q2 adjusted EBITDA $1.60B vs. $1.16B last year.
Targa Resources Corp. Reports Record Second Quarter 2026 Financial Results
HOUSTON, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2026 results.
Targa Resources price target raised to $333 from $331 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Targa Resources (TRGP) to $333 from $331 and keeps an Overweight rating on the shares. The firm adjusted estimates and targets in…
Targa Resources price target raised to $310 from $281 at RBC Capital
RBC Capital raised the firm’s price target on Targa Resources (TRGP) to $310 from $281 and keeps an Outperform rating on the shares as part of a broader research note…
Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2026 Earnings Webcast
HOUSTON, July 16, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.25 per...